Gulf Shores home prices rose at almost unsustainable rates in 2013, but many analysts are predicting a slower pace when it comes to rising Gulf Shores home prices in 2014. Gus Faucher, Senior Macro Economist with PNC looks ahead at what he sees for the economy as well as housing in the new year… Obviously, […]
Gulf Shores Homebuyers Looking for Winter Bargains
Prospective Gulf Shores homebuyers hoping to buy a home during the winter months say the lack of inventory is their biggest challenge, but many believe winter is a good time to buy because sellers are motivated to sell and more willing to negotiate. A survey recently conducted by realtor.com found that 45 percent of buyers […]
Gulf Shores Home Sales Remain Strong For October
Traditionally, Gulf Shores home sales tend to slow down heading into fall and winter, but that doesn't seem to be the case this year. Instead of the usual seasonal slowdown, October data show the 2013 fall market moving at a fast pace, according to Errol Samuelson, president of Realtor.com. "Inventory has returned to last year's […]
How Fed Tapering Could Affect Gulf Shores Real Estate
For those who don't understand the term "tapering", in plain English, here is how it could affect Gulf Shores real estate and mortgages going forward. Tapering means that the Fed will reduce the amount of mortgage and treasury bonds it purchases each month. It was doing this in an effort to stimulate borrowing and economic […]
Gulf Shores Home Sales Report Update
Cooler temperatures in October didn't really seem to affect Gulf Shores home sales, as the housing market continues to post positive metrics. There were signs of continued resilience in the Gulf Shores housing market last month. Most of the metrics tracked by HousingPulse were positive for October and the few negative metrics appear to be […]
Gulf Shores Home Prices Back to 2004 Levels
Gulf Shores home prices, along with home prices across much of the country, are back to their mid-2004 levels. This news comes from the S&P/Case Shiller index as of September 2013. Gulf Shores home prices jumped again in September, marking their biggest annual gain in at least 7-1/2 years. Nationwide, the price index is up […]
Gulf Shores New Home Sales Up in October
Statistics from the Mortgage Bankers Association indicate an increase in Gulf Shores new home sales in October. MBA's Builder Application Survey for October shows mortgage applications for Gulf Shores new home sales increased by 11 percent from September. The change doesn't include any adjustments for seasonal patterns. Breaking the data down by product type: Conventional […]
Gulf Shores Home Price Increases Widen in September
After taking a break in the summer, Gulf Shores home prices got back up to strength in September, according to statistics reported by DataQuick in the company's monthly Property Intelligence Report. Other metrics, however, weakened. Gulf Shores Home Prices See Rapid Growth DataQuick reported that Gulf Shores home prices "resumed at a rapid rate of […]
Gulf Shores Housing Affordability Slipping Away
The down side of rising home prices and tighter inventories is the decline of Gulf Shores housing affordability. A new study from Interest.com found that the American dream of owning a home is slipping out of reach of more and more families. Gulf Shores Housing Prices Outpace Income Along with robust Gulf Shores home prices, […]
Gulf Shores Home Prices Not Affected By Shutdown
Gulf Shores home prices were largely unaffected by the 16 day government shutdown. Aside from asking prices, the housing market remains uncomfortably tied to Washington and its budget mess, such as the shutdown's effect on mortgage processing for home purchases and the potential effect of a default on the housing market and economy. Other Factors […]
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